PANews reported on July 1 that according to an official announcement, the world's leading crypto asset platform Gate officially launched the Paynetic (PYN) theme trading competition and Yubibao high-yield financial products to further enrich the user participation experience.

The PYN trading competition officially starts at 15:00 (UTC+8) on July 1, 2025, and will last until 15:00 (UTC+8) on July 8. The total prize pool of the event is as high as 4,000,000 PYN, covering three modules: trading ranking sharing, first order rewards and invitation rebates. Among them, users with spot trading volume exceeding $5,000 will compete for 3,000,000 PYN rewards based on trading volume ranking. New registered users and inviters can also share an additional 500,000 PYN rewards after completing the designated trading tasks, on a first-come, first-served basis.

In addition, Gate Yubibao also launched a PYN 7-day fixed-term financial product with an annualized rate of return of up to 150% and a total amount of 55 million PYN. This product is available in limited quantities and aims to provide users with a more attractive short-term capital appreciation solution.